Metso signed an agreement to acquire peristaltic hose pump and progressive cavity pump technologies, with aftermarket parts and service capabilities, from Valmet. The transaction value is undisclosed and closing is expected on October 1, 2026.
Pump Service River Oy acquired the entire share capital of Suomen Jätevesipalvelut Oy effective 1 April 2025, expanding its national pump and wastewater service network in Finland.
AVS-Yhtiöt Oy and its owners sold AVS-Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors, to Beijer Oy, a subsidiary of Beijer Alma AB. The deal was advised by Avance Attorneys and reported on March 4, 2024.
Beijer Tech, a subsidiary of Beijer Alma, signed an agreement on February 29, 2024 to acquire 100% of AVS Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors based in Espoo. Closing is expected in the first quarter of 2024.
Finnish paper-industry equipment maker Valmet completed its merger with valve company Neles on April 1, 2022, creating a combined company with valve and automation operations.
Neles Corporation and Valmet Oyj completed their merger, with trading in the new Valmet shares starting April 1, 2022. The Finnish Financial Supervisory Authority had approved a supplement to the merger prospectus.
AxFlow Holding AB acquired majority ownership of Starline Valves Oy, a Vantaa-based Finnish distributor of valves and actuators. Starline Services S.P.A. of Italy remains a strategic partner and minority owner.
Neles Corporation completed its acquisition of the valve and pump businesses of Finland-based Flowrox on 1 November 2021. The deal adds 110 employees and mining and metals flow-control products to Neles.
Neles signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox, with about EUR 30 million of 2020 sales, for EUR 40.9 million in cash plus up to EUR 3 million earn-out. Closing is estimated for November 2021.
Valmet and Neles signed a combination agreement and merger plan under which Neles will merge into Valmet, creating a company with illustrative 2020 net sales of about EUR 4.3 billion and around 17,000 staff. The combination targets roughly EUR 25 million in annual run-rate synergies.
Finnish valve company Neles Corp signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox. The price was not disclosed.
Alfa Laval amended its recommended public cash tender offer for all shares of Finnish valve maker Neles, lowering the minimum acceptance condition to more than 50% and extending the acceptance period. The offer was first announced on 13 July 2020.
Valmet proposed to the Neles board on 29 September 2020 to start talks on a statutory merger of the two Finnish companies. Valmet had already built its Neles stake to 29.5%.
Addtech Components, part of the Addtech Group, signed an agreement to acquire all outstanding shares of Fluidcontrol Oy, a Finnish developer of actuators and valve solutions with 20 employees and sales of about EUR 4 million. Closing is expected in early September 2020.
Alfa Laval announced a recommended voluntary public cash tender offer of EUR 11.50 per share for all Neles shares not already held by Neles, valuing Neles' total equity at about EUR 1,727 million. The deal strengthens Alfa Laval's industrial flow control business.
Valmet agreed to buy 22,374,869 shares, or 14.88%, of the future Neles Corporation from Solidium Oy for EUR 179 million paid in cash. The transaction is expected to close on July 1, 2020, after Neles is spun off from Metso.
Indutrade AB signed on 6 February 2020 to acquire all shares of Jouka OY, a Ylöjärvi, Finland ball valve manufacturer with about EUR 6.5 million annual sales and 31 employees. The closing took place on 6 February.
Flowplus Oy acquired the restructuring, maintenance and repair business of Oy Lining Ab for pumping stations in Lappeenranta, Finland, through an asset purchase executed on 29 November 2019.
Indutrade has signed an agreement to acquire all shares of Finkova Oy, a Finnish niche valve trading business with annual sales of about EUR 8.5 million, serving the process and boiler industries.
German valve company ARI-Armaturen Group bought all outstanding shares of Hogfors Oy, a Finnish manufacturer of butterfly and ball valves used mainly in district heating and process industries, with Clairfield as exclusive financial advisor.
Interpump Group signed a binding agreement to acquire the international subsidiaries and the manufacturing unit of Finland-based GS-Hydro, a piping systems maker, for EUR 9 million, with closings expected by end of February 2018.